Agree Realty Corporation (ADC) — Free Cash Flow Generation Index

Latest as of March 2026: -1.84x

Agree Realty Corporation (ADC) has a Free Cash Flow Generation Index of -1.84x as of March 2026. Free cash flow of $-267.18 Million represents -2% of operating cash flow ($145.16 Million). Explore how much does Agree Realty Corporation reinvest in capital to see what proportion of operating cash flow is directed to capital expenditures.

FCF Generation Index

-1.84x
Free Cash Flow / Operating CF

Free Cash Flow

$-267.18 Million
USD

Operating Cash Flow

$145.16 Million
USD

Capital Expenditures

$412.33 Million
USD

Agree Realty Corporation Free Cash Flow Generation Index (1994–2025)

Historical FCF Generation Index trend for Agree Realty Corporation across 32 annual periods. For the full cash flow conversion analysis, see ADC operating cash flow.

Annual Free Cash Flow Generation for Agree Realty Corporation (1994–2025)

Year-by-year Free Cash Flow Generation Index for Agree Realty Corporation. Check Agree Realty Corporation total reinvestment intensity to assess the company's total reinvestment commitment from operating cash flow.

Year FCG Index Free Cash Flow (USD) Operating CF Capital Expenditures YoY Change
2025 1.00x $504.14 Million $504.14 Million $1.58 Billion ▲ +0.0%
2024 1.00x $431.97 Million $431.97 Million $977.33 Million ▲ +0.0%
2023 1.00x $391.60 Million $391.60 Million $1.29 Billion ▲ +0.0%
2022 1.00x $362.12 Million $362.12 Million $1.66 Billion ▲ +0.0%
2021 1.00x $246.31 Million $246.31 Million $1.44 Billion ▲ +0.0%
2020 1.00x $142.96 Million $142.96 Million $1.35 Billion ▲ +0.0%
2019 1.00x $126.71 Million $126.71 Million $732.57 Million ▲ +0.0%
2018 1.00x $93.25 Million $93.25 Million $632.61 Million ▲ +0.0%
2017 1.00x $82.20 Million $82.20 Million $362.87 Million ▲ +0.0%
2016 1.00x $61.73 Million $61.73 Million $325.79 Million ▲ +0.1%
2015 1.00x $44.61 Million $44.68 Million $66.00K ▼ -0.1%
2014 1.00x $35.10 Million $35.10 Million $159.80 Million ▲ +0.0%
2013 1.00x $29.59 Million $29.59 Million $90.54 Million ▲ +0.0%
2012 1.00x $21.21 Million $21.21 Million $84.52 Million ▲ +319.5%
2011 -0.46x $-11.62 Million $25.50 Million $37.11 Million ▲ +6.4%
2010 -0.49x $-12.71 Million $26.11 Million $38.82 Million ▼ -177.4%
2009 0.63x $14.83 Million $23.58 Million $8.75 Million ▲ +2597.1%
2008 0.02x $511.41K $21.93 Million $21.42 Million ▼ -73.2%
2007 0.09x $1.88 Million $21.64 Million $19.76 Million ▼ -83.9%
2006 0.54x $10.99 Million $20.30 Million $9.31 Million ▲ +135.4%
2005 0.23x $4.52 Million $19.64 Million $15.12 Million ▲ +223.4%
2004 -0.19x $-3.41 Million $18.30 Million $21.71 Million ▲ +34.6%
2003 -0.29x $-4.46 Million $15.65 Million $20.12 Million ▼ -1459.2%
2002 -0.02x $-249.81K $13.66 Million $13.91 Million ▼ -102.9%
2001 0.63x $8.21 Million $13.05 Million $4.84 Million ▲ +379.1%
2000 0.13x $1.52 Million $11.60 Million $10.08 Million ▲ +261.6%
1999 0.04x $437.87K $12.06 Million $11.62 Million ▲ +116.0%
1998 -0.23x $-2.53 Million $11.16 Million $13.69 Million ▼ -474.9%
1997 0.06x $558.91K $9.24 Million $8.68 Million ▲ +108.0%
1996 -0.76x $-5.87 Million $7.71 Million $13.58 Million ▲ +62.2%
1995 -2.02x $-13.30 Million $6.60 Million $19.90 Million ▼ -301.5%
1994 1.00x $900.00K $900.00K $0.00
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).